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Your business or organization benefits in many ways from offering Direct Payment to your customers or donors, including the following:
Direct Payment is simple.
- It eliminates many of the labor-intensive manual processes involved in handling check payments, improving the accuracy and efficiency of your operations.
Direct Payment is safe.
- It reduces returned payments and posting errors, due to the speed of processing payments and the increased accuracy of customer information.
- Payment collection is timely and automated; your company always knows when it will be receiving payments.
Direct Payment is smart.
- It saves you money in processing costs. The average savings are 11.5 cents per payment (versus checks).
- It will improve your company image, showing your customers that you are customer-focused and cost-conscious.
- It can enhance your customer experience and increase loyalty, providing a payment option that is reliable, accurate, convenient, and confidential.
- The timing of your receipts will be more predictable and reliable, allowing for more accurate cash flow forecasting and informed investment decisions.
Direct Payment is green.
Direct Payment is also good for the environment. According to the PayItGreen AllianceTM, if one in five household were to switch to electronic payments, statements and bills, we could collectively:
- Save 151 million pounds of paper each year.
- Save 1.8 million trees each year.
- Avoid producing 1.9 million tons of greenhouse gases. Saving this amount of greenhouse gases is the equivalent of:
- The emissions avoided by not driving 3.9 billion miles
- Taking 325,722 cars off the road
- The emissions avoided by not consuming 200 million gallons of gasoline
- Planting 45.6 million tree seedlings and allowing them to grow for 10 years
- Preserving 12,405 acres of forest from deforestation
- Avoid creating 1.4 million gallons of wastewater.
- Avoid creating enough wastewater to fill 2,180 Olympic-size swimming pools.
- Avoid filling 8.6 million household garbage bags with waste.
- Avoid filling 6,141 garbage trucks with waste.
- Avoid using 103 million gallons of gasoline to mail bills, statements, and payments, or the equivalent of driving from New York to LA and back 918 times.
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"Direct Payment is easier for our customers, more cost effective for us than processing a paper check, and it allows us to better predict our cash flow."
- Metropolitan Sewer District, St. Louis, Mo.
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